Pepe Price Prediction: PEPE Plunges 11% as Traders Migrate To This Meme Coin With 431% APY.

adminMarch 17, 2024

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Pepe price has traded down 11% in the last 24 hours. $0.000008923 As of 7 PM EST.

Some analysts are now speculating that there will be a major pump after the price range falls to the bottom.

$PEPE If you dip hard to the bottom of the range, you’ll get one big pump. $BTC It continues to rise.
My long stay open pic.twitter.com/VOO4kZUI6L
— Plasma (@Plazma0x) March 16, 2024

Pepe price prediction: Pepe falls below support

Looking at the chart, things don’t look all that good for Pepe. Pepe price has broken out of a rising channel pattern, which indicates a reversal or retracement of the trend. If we look at the moving average convergence divergence (MACD), we can see a bearish crossover where the MACD line (blue) crosses below the signal line (orange). This means the momentum is moving downward. The histogram bar is colored red below the zero line, indicating bearish momentum.

On the other hand, the relative strength index (RSI) is around 41, slightly below the midpoint. This means that the market is neither overbought nor oversold. However, a sharp southward trajectory means selling pressure is increasing.

4-hour PEPE/USDT chart | Source: TradingView

However, despite this, interest in PEPE is hot as its trading volume has recently approached $2.5 billion. This appears to be whales buying PEPE cash, as seen over the past few days.

This guy only spent $3,000 on a 4.9T $PEPE(currently $35.5M) It’s early days!
He sold 760B $PEPE($2M), currently holds 4.15T $PEPE($30.8M) and is the 13th holder. $PEPE!
His total profit is $PEPE 11,077x profit for $32.8M! https://t.co/QTL7oxruTk pic.twitter.com/sw2FcPfgdd
— Lookonchain (@lookonchain) March 4, 2024

Nonetheless, experts still say the market is optimistic and will probably recover soon. Several factors have combined to improve the overall market outlook, including increased interest in Bitcoin ETFs, talk of an Ethereum ETF, and the impending Bitcoin halving.

24 Hour Market Updates – $PEPE
TL;DR – $BTC The weakness led to a significant decline in the asset class. $PEPE Now, in a pump (bullish) context, we have created a new ATH with a record high funding rate that has reset to a low level.
Things to note;
– $PEPE Price is leading the way… pic.twitter.com/dFFhYx5mmg
— ExpoResearch (@ExpoResearch) March 15, 2024

While Pepe’s price follows the general trend of meme coins being sold off, Sponge V2 It is attracting attention due to rumors that it will be listed on several top exchanges.

Sponge V2 is the successor to Sponge, which exploded in popularity 100 times after its launch during last year’s bear market, and the development team aims to improve it this time.

According to YouTuber Jacob Bury, it is one of the top five meme coins you can buy right now.

Interesting new alternative

Last month, Sponge V2 announced the retirement of its predecessor, Sponge V1. The new project was moved to Polygon after a hostile attack on its liquidity pool.

📣 Caution, #Sponger!
Here is some important information to remember: $sponge V2!$sponge V1 has been officially discontinued and V2 has been released. #polygon! 🔥
Learn more about token details below 👇https://t.co/TCdxgXx40w
🧵1/3 pic.twitter.com/YZzXOlKmHY
— $SPONGE (@spongeoneth) February 6, 2024

The project’s exciting sequel brings new staking mechanisms, Play-to-Earn (P2E) gaming, and a large marketing budget, all of which are contributing to the project’s revival.

It smells damp ☀$sponge #SpongeV2 #Cryptocurrency #how #pepe #Binance #KuCoin #viceroy pic.twitter.com/EQfPCuWHvi
— $SPONGE (@spongeoneth) February 14, 2024

With over 9.2 billion tokens staked, token holders enjoy high Annual Percentage Yields (APY) of up to 431%. Partly because of that, experts have designated it as one of the following: 5 Best Cryptocurrencies to Buy Right Now.

Sponge V2 also introduced a new peer-to-peer racer game to increase community engagement. This involves players fighting for a chance to win $SPONGEV2 tokens.

Visit the website here Participate in SPONGEV2 pre-sale.